Summary: H.R.6398 — 111th Congress (2009-2010)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Public Law No: 111-343 (12/29/2010)

(This measure has not been amended since it was passed by the House on November 30, 2010. The summary of that version is repeated here.)

Amends the Federal Deposit Insurance Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to treat as a noninterest-bearing transaction account fully insurable by the Federal Deposit Insurance Corporation (FDIC) any Interest on Lawyers Trust Account (or functionally equivalent account) established by an attorney or law firm on behalf of a client.